Streetbeat News

Assets

SOLUSD

Solana (CRYPTO: SOL) has seen a 4.84% decrease in price over the last 24 hours, continuing a negative trend with a 0.0% loss over the past week. The trading volume has dropped by 39.0%, while the circulating supply increased by 0.19%, bringing it to 440.84 million. Solana's market cap ranking is currently #5 at $47.41 billion.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 3:00 pm

ALL

Allstate (NYSE:ALL) has seen a decrease in short interest, with the short percent of float falling 10.71% since the last report, now at 0.75% of all shares available for trading. This decline in short interest could indicate a more bullish sentiment towards ALL among traders. Additionally, compared to its peers, Allstate has a lower short interest as a percentage of float, suggesting it may be performing better than similar companies.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 2:45 pm

APTV

EBAY

HIBB

MPX

VIRC

The article highlights notable value stocks in the consumer cyclical sector, focusing on companies with low P/E ratios, indicating potential undervaluation. eBay, Marine Prods, Aptiv, Virco Mfg, and Hibbett are featured for their financial metrics, including earnings per share and dividend yields. The analysis, based on Benzinga Insights, aims to provide investors with deeper insights into the sector.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 2:42 pm

BTCUSD

ETHUSD

FILUSD

STRKUSD

Cryptocurrency market sees mixed movements with Ethereum (ETH) rising above $2,900 and Bitcoin (BTC) slightly down but holding above $52,000. Starknet (STRK) and Filecoin (FIL) lead gains, while Worldcoin (WLD) experiences the largest drop. The global crypto market cap slightly declined to $1.98 trillion.

Portfolio Pulse from Avi Kapoor

February 20, 2024 | 2:38 pm

GPN

Global Payments Inc (NYSE:GPN) shares dropped 1.7% to $131.96 after announcing a plan to offer $1.75 billion in convertible senior notes due 2031, with an additional option for $250 million. The notes, accruing semi-annual interest and maturing in 2031, will be convertible under certain conditions. The company aims to use the proceeds for capped call transactions to minimize stock dilution, stock repurchases, and general corporate purposes. Market reactions and analyst views suggest a generally positive outlook for GPN, with a notable rise in stock price over the past three months and a positive revenue trend.

Portfolio Pulse from Henry Khederian

February 20, 2024 | 2:34 pm

CMG

HLT

QSR

SPY

Bill Ackman, founder of Pershing Square Capital Management, earned $610 million in 2023, ranking him No. 7 among hedge fund founders. Pershing Square achieved a 26.7% gain with a focused portfolio of eight stocks, slightly outperforming the S&P 500 but trailing the Nasdaq 100. Top holdings include Chipotle (CMG), Restaurant Brands (QSR), and Hilton (HLT), contributing significantly to the portfolio's performance. Other notable hedge fund earners were Millennium's Izzy Englander and Citadel's Ken Griffin.

Portfolio Pulse from Piero Cingari

February 20, 2024 | 2:32 pm

MRNA

Moderna's (NYSE:MRNA) short interest has decreased by 9.44% since the last report, with 20.88 million shares sold short, representing 7.29% of its float. This indicates a potential shift in market sentiment towards a more bullish outlook, as the short interest is higher than its peer group average of 4.41%. The decrease in short interest suggests fewer traders are betting against the stock, which could influence its short-term price movement.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 2:30 pm

CRWD

CrowdStrike Holdings (NYSE:CRWD) has seen a 16.01% decrease in short interest, now at 6.16 million shares or 2.78% of float, taking 1.9 days on average to cover. This decline in short interest could indicate a more bullish sentiment towards CRWD compared to its peers, where the average short interest as a percentage of float is 4.10%.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 2:30 pm

GFS

GlobalFoundries shares are trading higher following the announcement that the U.S. has awarded the company $1.5 billion in direct funding as part of the U.S. CHIPS and Science Act.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 2:12 pm

MSFT

Microsoft Corp (NASDAQ:MSFT) is set to invest $2.1 billion in Spain to expand its artificial intelligence (AI) and cloud infrastructure over the next two years. This move follows a $3.45 billion investment in Germany, emphasizing Microsoft's commitment to AI and digital transformation globally. The investment aims to support Spain's security, government, businesses, and citizens' digital transformation, reflecting Microsoft's long-term commitment to the country.

Portfolio Pulse from Anusuya Lahiri

February 20, 2024 | 2:02 pm